trailing stops

[tentenequals20]

I trade directional calls or puts.
I am looking to place trailing stops (25 to 35%) and not monitor the market due to other commitments.

I know I will never sell at high, but would limit my losses to ~30%

what techniques do people who dont monitor the market all the time use..

thx

 

[Cache Landing]

Quote from tentenequals20:

I trade directional calls or puts.
I am looking to place trailing stops (25 to 35%) and not monitor the market due to other commitments.

I know I will never sell at high, but would limit my losses to ~30%

what techniques do people who dont monitor the market all the time use..

thx

Spreads

 

[cnms2]

I use stop loss orders only to protect my capital, not to exit my trades.

There are many good resources available on this subject. A few days ago I read these:
http://www.hardrightedge.com/wheel/hrestops.htm
http://www.hardrightedge.com/wheel/hreexit.htm